Stocks quoted in this article:
In today's broad bloodbath, BroadVision (BVSN – 18-1/16) has sliced almost 10 percent to reach its lowest level in almost a year. Since an all-time high in early March, the stock has tumbled over 80 percent.
Despite the equity's collapse, the call side is seeing most of the action today. The November 22-1/2 call has logged volume of over 1,400 contracts on open interest of just 310 contracts. Over 800 contracts have crossed the tape on the December 17-1/2 call, which has open interest of only six contracts. The December 50 call, which has open interest of 2,667 contracts, has seen over 1,000 contracts trade today.